Australia to end tariffs on all Indian exports from January: Goyal
In a significant development that is expected to boost India’s exports to Australia, Commerce Minister Piyush Goyal announced that 100% of Australian tariff lines will be zero-duty for Indian exports, starting January 1, 2026. This move is part of the India-Australia Economic Cooperation and Trade Agreement (ECTA), which was signed three years ago. The agreement has been hailed as a landmark deal that has delivered sustained export growth, deeper market access, and stronger supply-chain resilience for Indian exporters.
Speaking on the third anniversary of the ECTA, Minister Goyal stated that the agreement has been a game-changer for Indian exports. “The agreement has delivered sustained export growth, deeper market access and stronger supply-chain resilience,” he said. The removal of tariffs on all Indian exports to Australia is expected to further accelerate trade between the two countries, with Indian exporters benefiting from duty-free access to the Australian market.
The ECTA was signed on April 2, 2022, with the aim of promoting trade and investment between India and Australia. The agreement covers a wide range of areas, including goods, services, and investment. Under the agreement, both countries have committed to reducing tariffs on each other’s exports, with the goal of increasing trade and economic cooperation.
The removal of tariffs on all Indian exports to Australia is a significant development, as it will make Indian goods more competitive in the Australian market. Indian exporters will no longer have to pay duties on their exports to Australia, which will help to increase their profit margins and make them more competitive. This, in turn, is expected to lead to an increase in Indian exports to Australia, which will benefit the Indian economy.
The ECTA has already delivered significant benefits to Indian exporters, with India’s exports to Australia growing significantly since the agreement came into force. The agreement has also led to an increase in Australian investment in India, with several Australian companies setting up operations in India.
The removal of tariffs on all Indian exports to Australia is also expected to benefit Australian consumers, who will have access to a wider range of Indian goods at competitive prices. This will help to increase consumer choice and promote economic growth in Australia.
Minister Goyal’s announcement has been welcomed by Indian exporters, who have hailed the move as a major boost to their businesses. The removal of tariffs on all Indian exports to Australia will help to increase their competitiveness and make them more attractive to Australian buyers.
In conclusion, the announcement by Minister Goyal that Australia will end tariffs on all Indian exports from January 2026 is a significant development that is expected to boost India’s exports to Australia. The ECTA has already delivered significant benefits to Indian exporters, and the removal of tariffs on all Indian exports to Australia will further accelerate trade between the two countries. This move is expected to benefit both Indian exporters and Australian consumers, and will help to promote economic growth and cooperation between India and Australia.
As the two countries continue to work together to promote trade and investment, the removal of tariffs on all Indian exports to Australia is a major step forward. It is expected to lead to an increase in Indian exports to Australia, and will help to promote economic growth and development in both countries.
The ECTA is a landmark agreement that has the potential to transform the trade relationship between India and Australia. The removal of tariffs on all Indian exports to Australia is a significant development that will help to promote trade and investment between the two countries. As the two countries continue to work together to promote economic cooperation, the future of India-Australia trade looks bright.
With the removal of tariffs on all Indian exports to Australia, Indian exporters will have access to a new and lucrative market. This will help to promote economic growth and development in India, and will also benefit Australian consumers who will have access to a wider range of Indian goods at competitive prices.
In the coming years, it is expected that trade between India and Australia will continue to grow, driven by the ECTA and the removal of tariffs on all Indian exports to Australia. This will help to promote economic cooperation and friendship between the two countries, and will also benefit the people of both India and Australia.
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